Achieving high economic growth

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These phenomena may be related, but there are significant differences between them. Namely, economic development is a slightly broader concept and concerns qualitative, unmeasurable changes that improve the quality of life. In turn, economic growth refers to quantitative values ​​- the most frequently used measure is Gross Domestic Product GDP . Its value depends on the demand for goods and services, as well as the supply and effectiveness of production factors including labor, human capital, technological progress . Types of economic growth Germany Even before the outbreak of World War II, price controls were in force in.

Germany, and in , rationing was introduced, i.e. restrictions on the circulation of certain goods. This is quite a common practice in countries with totalitarian rule - of which Nazi Germany was an example. Such decisions phone number list could not be beneficial to society and ultimately led to food shortages, inflation and a slowdown in the production of goods and services. The situation changed dramatically after the end of the war and the division of the country into West Germany and East Germany.




In the western part of the country, the repressive policy was withdrawn - currency reform was carried out, price controls were abolished, tax liabilities were reduced, which contributed to significant economic growth. The recovery was visible in the greater X people began to spend money more willingly, Summary  has many positive consequences that are felt in business, but also in everyday life. However, the challenge may be to maintain it at a stable level in order to derive the most benefits from it, without harming our environment or selected economic sectors. ifirma.plBlogFines – when and on whom can the tax authority impose a fine Are you wondering what a disciplinary penalty is under the Tax Ordinance and when and to whom the tax authority can impose it In this article, we will address this issue in detail.